NOA CEO, Karel Cornelissen was a panellist on Engineering News’ Webinar on South Africa’s Renewable Energy Investment Report Card. The webinar focused on the positive progress made in the renewable energy industry in South Africa to date, and what needs to be done to see South Africa achieve its energy security and decarbonisation goals in the coming years.
Karel Cornelissen shared key insights, alongside other expert panellists, on the current status of South Africa’s energy transition. With the need for 150 GW of renewable energy by 2050, it’s clear we’re entering a perpetual building cycle in renewable infrastructure.

Karel stressed that while the private sector is ready to step up, investment certainty and clear guidelines are crucial to driving growth. He highlighted how the amended Electricity Regulation Act is a critical step forward in enabling this market shift, providing the framework needed for businesses to compete and thrive.

Along with fellow panellists, he also emphasised the importance of collaboration, investment, and local manufacturing to meet this demand, adding that the Act is crucial for market development.

“We’re unlocking growth for South Africa while ensuring energy security.”

One of the key takeouts from this webinar is that the prospects for renewable energy in South Africa look bright, but it will take cooperation and shared learnings across sectors to get there.